Index funds may not be the magic bullets many plan sponsors think they are. A wave of recent lawsuits alleging breach of fiduciary duty against smaller plans reveals why. The largest plan facing a class action lawsuit from participants is from New York Life Insurance Co. The plaintiff’s case is…
ERISA code can be a dry read, but it is essential for plan sponsors to understand what the code says and how to stay compliant with the law. Our ERISA whitepaper breaks down relevant sections of the code for plan sponsors to show how the law applies to their fiduciary…
In our latest whitepaper, we dissect and discuss some of the more critical sections of the ERISA regulations on fiduciary duty for the benefit of plan sponsors. The paper highlights the ERISA code broadly, so I’m going to pull out specific language from the regulations in a series of blog…
Best Practices for a Successful Investment Committee Many small- and mid-size employers don’t have investment committees for their defined contribution plans. This is a problem, of course. Even small businesses need to name investment committees and conduct regular reviews of their retirement plans. But having a committee with no process…
A Request for Proposal (RFP) does more than help a plan sponsor select service providers for different aspects of their plan. RFPs also help meet the requirements under ERISA §404(a)(1), to act in the best interests of the plan participants and to document the methodology used to establish a process…